PEPE

Alert

Funding spread now, next payment 17:00 UTC−0.1948%/8h

paid, last 24h−0.017%paid, last 5 days+0.154%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.154% in total (about 11.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex u1000PEPEUSDT	0.000004928	0.1948	pay 0.1948% / 8h	7h 39m	$2.5M	$5.9M	50x
Short	dYdX PEPE-USD	0.000004910	0	get 0.0000% / 1h	39m 08s	$18K	$95	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee dYdXbpOrdersRate

Funding earned: −$409
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$431
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 6 min ago; dYdX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.374%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 6 min ago	3.95 bp	13.5 bp −$13	32.5 bp −$325	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PEPE on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX PEPE-USDshort	0.0000%	1h	$18K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	$17K	—	150x	as long as short
BingX 1000PEPE-USDC	+0.0080%	8h	—	$2.3M	—	as long as short
Pacifica kPEPE	+0.0100%	1h	$60K	$73K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$87.6M	$217.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.4M	$421.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$138.9M	$49.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.1M	$35.7M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$39.6M	$105.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$888K	$2.7M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$346K	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$30K	$8K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$596K	$3.5M	75x	as long as short
Injective PEPE/USDC PERP	+0.0123%	1h	$40K	$59K	12x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.2M	$18.3M	75x	as long as short
MEXC PEPE_USDT	+0.0233%	8h	$106.9M	$255.6M	300x	as long as short
Binance 1000PEPEUSDT	+0.0239%	8h	$129.3M	$804.6M	75x	as long as short
Extended 1000PEPE-USD	+0.0240%	1h	$525K	$237K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0240%	1h	$139K	—	3x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0242%	1h	$93K	$752K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0291% / S −0.0237%	1h	$47K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0440%	1h	$575K	$20.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0491%	8h	$5K	$52	20x	as long as short
Nado kPEPE-PERP	+0.0530%	1h	$233K	$714K	10x	as long as short
Aster 1000PEPEUSDT	+0.0760%	8h	$1.3M	$5.0M	50x	as long as short
Hyperliquid kPEPE	+0.0773%	1h	$56.6M	$52.2M	10x	as long as short
SoDEX 1000PEPE-USD	+0.0898%	1h	$1K	$8K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0907%	1h	$108K	$469K	15x	as long as short
01 Exchange kPEPEUSD	+0.1000%	1h	$562	$1K	10x	as long as short
Lighter 1000PEPE	+0.1136%	1h	$623K	$4.5M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1171%	1h	$84K	$96K	25x	as long as short
Phemex u1000PEPEUSDTlong	+0.1948%	8h	$2.5M	$5.9M	50x
Kraken Futures PF_PEPEUSD	+0.2386%	1h	$3.5M	$10.2M	50x	as long as short